AXISBANK
Axis Bank share price & financials
- Price
- ₹1,357.9
- Market cap
- ₹3.9L Cr
- Sector
- Financial Services
- Calls analysed
- 8
Axis Bank Q1 FY27
What went well
- Total advances grew 19% YoY and 2% QoQ, with strong performance in Wholesale (38% YoY) and SME (25% YoY).
- Total deposits grew 18% YoY and 6% QoQ, with CASA growing 13% YoY and 5% QoQ.
- PAT increased by 23% YoY to ₹7,114 crores, and consolidated ROA stood at 1.56%.
What to watch
- NIM declined by 34 bps YoY and 16 bps QoQ to 3.46%, attributed to repo rate cuts, balance sheet mix changes, and competitive loan pricing.
- Trading profit and other income declined 62% YoY to ₹580 crores due to realized gains booked in the prior year.
What Axis Bank does
Axis Bank is a full-service private-sector bank offering retail, SME and corporate/wholesale banking across India through a physical branch network and digital channels. It earns from lending (retail, SME and corporate advances), the spread on its deposit franchise, and fee income from cards, payments, transaction banking, third-party product distribution and wealth management. The bank also operates through subsidiaries spanning NBFC lending, asset management, broking and investment banking.
Segments
- Retail Banking
- Corporate / Wholesale Banking
- SME
- Treasury & Investments
- Market position
- 3rd largest private bank in India
- Customers
- ~54 million
- Domestic branches & extension counters
- 6,110
- ATMs & cash recyclers
- 12,838
- Business Correspondent Banking Outlets
- 281 outlets across 3,315 centres
- Axis Mobile monthly active users
- ~15 million
Guidance record · Q1 FY27
what the last two calls moved 17 tracked 5 delivered 3 missed 9 open- Unsecured Retail Stress delivered said Q3 FY25 Promised: Stabilization expected over next few quarters Q1 FY27: Promise remains achieved. Retail disbursements continue to be strong at 18% YoY, and overall asset quality metrics are stable, confirming the prior stabilization.
- Credit Cost Impact from Classification Change missed said Q4 FY25 Promised: Marginal negative impact on credit costs in FY26 Q1 FY27: The promise pertains to FY26 and remains concluded with a 'missed' verdict.
- Through-cycle NIM at risk said Q2 FY25 Promised: 3.80% Q1 FY27: NIM fell further to 3.46%. Management called this the 'cycle bottom' and reaffirmed the 3.8% structural guidance and timeline, stating the effort now is to move towards it.
All 17 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 9.9%, net profit up 22.2% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31,601 | 32,162 | 32,452 | 32,348 | 32,310 +2% | 33,709 +5% | 34,171 +5% | 35,542 +10% |
| Net profit | 7,436 | 6,779 | 7,509 | 6,279 | 5,567 −25% | 7,060 +4% | 7,642 +2% | 7,670 +22% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +16.4% 1Y
1Y: ₹1,070.1 on 10 Sept 2025 → ₹1,246. High ₹1,403 (25 Feb 2026), low ₹1,070.1 (10 Sept 2025).
How the price took the results
close before → close after
- Q1 FY27
- −5.5%
- 18 Jul
- Q4 FY26
- −3.1%
- 25 Apr
- Q3 FY26
- +4.6%
- 26 Jan
- Q2 FY26
- −0.6%
- 15 Oct
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 14.9% a year over 3 years, FY23 to FY26.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹87.4k Cr | ₹112.8k Cr | ₹127.4k Cr | ₹132.5k Cr |
| Interest | ₹43.4k Cr | ₹61.4k Cr | ₹71.0k Cr | ₹74.1k Cr |
| Depreciation | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Net profit | ₹10.9k Cr | ₹26.5k Cr | ₹28.2k Cr | ₹26.5k Cr |
| Net margin | 12.5% | 23.5% | 22.1% | 20.0% |
| ROE | 9.0% | 18.0% | 16.0% | 13.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹613 Cr | ₹614 Cr | ₹615 Cr | ₹617 Cr | ₹621 Cr | ₹622 Cr |
| Reserves | ₹103.0k Cr | ₹117.6k Cr | ₹129.2k Cr | ₹156.4k Cr | ₹197.6k Cr | ₹214.4k Cr |
| Borrowings | ₹152.2k Cr | ₹199.8k Cr | ₹206.2k Cr | ₹228.2k Cr | — | ₹280.5k Cr |
| Deposits | ₹698.3k Cr | ₹820.9k Cr | ₹945.8k Cr | ₹1067.1k Cr | — | ₹1333.8k Cr |
| Other liabilities | ₹46.9k Cr | ₹56.6k Cr | ₹62.6k Cr | ₹65.9k Cr | ₹89.4k Cr | ₹116.7k Cr |
| Total liabilities | ₹1001.0k Cr | ₹1195.5k Cr | ₹1344.4k Cr | ₹1518.2k Cr | ₹1730.1k Cr | ₹1946.0k Cr |
| Fixed assets | ₹4.5k Cr | ₹4.8k Cr | ₹5.0k Cr | ₹5.9k Cr | ₹6.6k Cr | ₹6.8k Cr |
| Capital work in progress | ₹118 Cr | ₹215 Cr | ₹142 Cr | ₹267 Cr | ₹0 Cr | ₹269 Cr |
| Investments | ₹225.3k Cr | ₹274.6k Cr | ₹288.1k Cr | ₹332.4k Cr | ₹393.0k Cr | ₹446.4k Cr |
| Other assets | ₹771.0k Cr | ₹916.0k Cr | ₹1051.2k Cr | ₹1179.8k Cr | ₹1330.5k Cr | ₹1492.6k Cr |
| Total assets | ₹1001.0k Cr | ₹1195.5k Cr | ₹1344.4k Cr | ₹1518.2k Cr | ₹1730.1k Cr | ₹1946.0k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −3.90 pp while the public added +2.72 pp. The shareholder count shrank 6% to 8,36,818.
- Promoters
- 7.9%
- FIIs
- 39.9%
- DIIs
- 42.7%
- Public
- 9.5%
Since Jun 2025
- FIIs −3.90 pp
- Public +2.72 pp
- DIIs +1.47 pp
How it drifted, 12 quarters
Over this window DIIs went from 29.0% to 42.7% — +13.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 8.2%, FIIs 53.0%, DIIs 29.0%, Public 9.8%.Dec '23: Promoters 8.2%, FIIs 54.7%, DIIs 28.8%, Public 8.3%.Mar '24: Promoters 8.2%, FIIs 53.8%, DIIs 30.1%, Public 7.8%.Jun '24: Promoters 8.3%, FIIs 53.4%, DIIs 31.6%, Public 6.6%.Sep '24: Promoters 8.3%, FIIs 51.8%, DIIs 33.2%, Public 6.7%.Dec '24: Promoters 8.2%, FIIs 47.3%, DIIs 37.5%, Public 7.0%.Mar '25: Promoters 8.2%, FIIs 43.9%, DIIs 40.9%, Public 7.0%.Jun '25: Promoters 8.2%, FIIs 43.8%, DIIs 41.2%, Public 6.8%.Sep '25: Promoters 8.2%, FIIs 41.9%, DIIs 42.9%, Public 7.1%.Dec '25: Promoters 8.2%, FIIs 42.6%, DIIs 42.6%, Public 6.6%.Mar '26: Promoters 8.1%, FIIs 42.0%, DIIs 43.4%, Public 6.4%.Jun '26: Promoters 7.9%, FIIs 39.9%, DIIs 42.7%, Public 9.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- ICICI Prudential Mutual Fund - Through its various Schemes Mutual fund newly disclosed 5.78% held
- SBI Mutual Fund - Through its various Schemes Mutual fund newly disclosed 5.24% held
- HDFC Mutual Fund - Through its various Schemes Mutual fund newly disclosed 4.88% held
- NIPPON Mutual Fund - Through its various Schemes Mutual fund newly disclosed 3.50% held
- The Bank Of New York Mellon newly disclosed 3.09% held
- UTI Mutual Fund - Through its various Schemes Mutual fund newly disclosed 1.87% held
- KOTAK Mutual Fund - Through its various Schemes Mutual fund newly disclosed 1.55% held
- DSP Mutual Fund - Through its various Schemes Mutual fund newly disclosed 1.40% held
The same filing shows 3 holders trimming and 11 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Axis Bank above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Life Insurance Corporation Of India Insurer | 7.87% | −0.27 pp |
| ICICI Prudential Mutual Fund - Through its various Schemes Mutual fund | 5.78% | newly disclosed |
| SBI Mutual Fund - Through its various Schemes Mutual fund | 5.24% | newly disclosed |
| HDFC Mutual Fund - Through its various Schemes Mutual fund | 4.88% | newly disclosed |
| NIPPON Mutual Fund - Through its various Schemes Mutual fund | 3.50% | newly disclosed |
| NPS TRUST - Through its various Schemes Pension / PF | 3.29% | +0.41 pp |
| The Bank Of New York Mellon | 3.09% | newly disclosed |
| UTI Mutual Fund - Through its various Schemes Mutual fund | 1.87% | newly disclosed |
| Dodge And Cox International Stock Fund Global fund house | 1.86% | −0.36 pp |
| Government Pension Fund Global Sovereign | 1.85% | unchanged |
| Government Of Singapore Sovereign | 1.59% | −0.16 pp |
| KOTAK Mutual Fund - Through its various Schemes Mutual fund | 1.55% | newly disclosed |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in AXISBANK
Filings to Aug 2026
1 new, 25 added, 13 trimmed, 2 sold out — net +62.80 L shares (+1.6%).
- Held by funds
- ₹51.3k Cr
- 72 schemes
- Biggest holder
- SBI Nifty 50 ETF
- ₹7.2k Cr · 3.4% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Nifty 50 ETF SBI Mutual Fund | ₹7.2k Cr | +2.93 L | Aug '21 |
| HDFC Flexi Cap Fund HDFC Mutual Fund | ₹6.7k Cr | held | Dec '22 |
| SBI BSE Sensex ETF SBI Mutual Fund | ₹4.9k Cr | +3.79 L | Aug '21 |
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹2.9k Cr | held | Jan '15 |
| Nippon India Large Cap Fund Nippon India Mutual Fund | ₹2.9k Cr | +10.00 L | Apr '15 |
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹2.7k Cr | +14.12 L | Dec '22 |
| Nippon India ETF Nifty 50 BeES Nippon India Mutual Fund | ₹2.3k Cr | +3.51 L | Jan '19 |
| SBI Large Cap Fund SBI Mutual Fund | ₹1.8k Cr | held | Jan '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
25 added, 13 trimmed — net +62.80 L shares (+1.6%)
- Funds are sitting on
- +35%
- vs est. average cost
- Held by funds
- ₹51.3k Cr
- 72 schemes · ≈ 14% of the company
- Biggest holder
- SBI Nifty 50 ETF
- ₹7.2k Cr · 3.4% of that fund
- Longest holder
- Nippon India Index Fund - Nifty 50 Plan
- 14y · since Sep '12
Shares held by these funds +88%
Aug '23 39.86 cr shares Jul '26
All earnings calls (8)
Read the Q1 FY27 call →Learn to analyse Axis Bank
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